Reinsurance Treaty Catastrophe Modeler

Overview

This role involves using catastrophe models to assess and quantify risk and profitability for a Property Cat reinsurance portfolio. You will support the reinsurance placement and renewal process and partner with the actuarial pricing team to provide insights that inform underwriting and management decisions.

Responsibilities

• Treaty analysis: Analyze and model complex reinsurance treaties (e.g., proportional, non-proportional, retrocessional) using industry-standard catastrophe models (e.g., Verisk Touchstone/Touchstone Re, RMS RiskLink, CoreLogic).
• Data preparation & validation: Prepare, validate, and quality-assure exposure data used as inputs to catastrophe models, ensuring accuracy and completeness.
• Model execution & interpretation: Run catastrophe models, interpret outputs (e.g., exceedance probability curves, average annual loss, return periods), and identify key risk drivers.
• Portfolio management support: Provide risk assessments and insights to underwriters to support management of the reinsurance portfolio.
• Scenario development: Develop and analyze custom scenarios to assess potential impacts of specific events or changes in exposure.
• Model validation & development: Participate in validating and enhancing catastrophe models, including model parameterization and calibration.
• Reporting & communication: Prepare clear, concise reports summarizing model results and communicate findings to underwriters, management, and other stakeholders.
• Cross-functional collaboration: Collaborate with underwriters, actuaries, and other departments to deliver comprehensive risk assessments.
• Research & development: Stay current on industry trends, new modeling techniques, and emerging risks; participate in projects shaping the organization’s view of risk for natural catastrophe perils.

Requirements

• Bachelor’s or Master’s degree in a quantitative field such as Actuarial Science, Mathematics, Statistics, Engineering, or a related discipline.
• Minimum of 5 years of experience in catastrophe modeling, specifically within the reinsurance industry.
• Proficiency using at least one major catastrophe modeling platform (Verisk Touchstone, RMS RiskLink, CoreLogic RQE).
• Strong understanding of reinsurance principles, treaty structures, and underwriting practices.
• Solid understanding of statistical concepts, including probability distributions, return periods, and extreme value theory.
• Experience manipulating and analyzing data using SQL, R, or Python.
• Excellent analytical, problem-solving, and communication skills (written and verbal).
• Ability to work independently and as part of a team.

Preferred Qualifications

• Experience with stochastic modeling tools such as MetaRisk or ReMetrica.
• Experience with scripting or programming languages (e.g., Python, VBA).
• Experience with database management.

Compensation & Benefits

• Pay Range: $170,000 - $190,000 Annual
• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
• Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
• Additional Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more

Benefits details may vary by subsidiary entity or geographic location, and enrollment waiting periods or eligibility criteria may apply.

Location

Not specified